The Sunrise Energy Project is a key component of Husky's oil sands growth. The joint venture began steam operations in December 2014.
Located 60 kilometres northeast of Fort McMurray, Alberta, Sunrise is considered a world-class reservoir with estimated reserves of 3.7 billion barrels of bitumen (0.44 billion proved, 2.40 billion probable and 0.86 billion possible) as of December 31, 2013. Husky has a 50 percent working interest in these reserves. Production is anticipated over a 40-plus year life span.
Sunrise will use in-situ steam assisted gravity drainage (SAGD) technology to recover the bitumen, with minimal surface land disturbance. Steam injected into the reservoir heats the bitumen so it moves more easily, allowing it to be pumped to the surface.
Sunrise's first phase is expected to produce about 60,000 barrels per day. Regulatory approvals are in place for up to 200,000 barrels per day and engineering work is in progress for Phase 2.
Husky operates Sunrise and its partner operates the jointly-owned BP-Husky Refinery near Toledo, Ohio, where bitumen from the project will be processed into various transportation fuels. Pipeline transportation agreements are in place.